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LATEST THINKING


WHERE WILL FINTECH LENDING LAND?

European banks and fintechs can leverage the best
of both by working together.

OVERVIEW

European bank leaders initially saw financial technology companies (fintechs) as a challenge. Now they’re starting to see things differently. Traditional bankers are becoming increasingly open to the idea of collaborating with fintechs of all types, to improve their own offerings and accelerate growth.


COLLABORATION
BETWEEN BANKS &
FINTECHS CAN
LEAD TO BETTER
OUTCOMES BY
HELPING EACH
DEVELOP WAYS TO
EVOLVE

COLLABORATIVE STRATEGIES MAY LEAD TO BETTER OUTCOMES FOR BANKS AND FINTECHS

Banks

Banks could see a 3 to 5 percent revenue increase—through enhanced customer acquisition, more fee-based revenues, better pricing accuracy and lower cost of risk.

5 Outcomes
Fintechs

Fintechs would see improved financial viability, attract more clients and, in some cases, obtain guarantees for deposits.

Accenture brings financial institutions and fintechs together to transform banking business models with advanced solutions and innovative approaches.

AUTHORS

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